Family Business Matters
Family farm or ranch operations can leverage rural networks, promote flexible family culture and offer creative benefits, such as housing assistance or ownership opportunities to attract and...
Lance Woodbury
DTN Farm Business Adviser
Lance Woodbury is an adviser to family-owned and closely held businesses, including farm businesses. He helps them plan for the future and implement ownership or management strategies that improve their effectiveness.
He also has an interest in his family's ranch near Garden City, in western Kansas.
From 1996 to 2009, Lance led the family-business-consulting efforts of the regional accounting firm Kennedy and Coe. He also managed several offices, led the firm's largest practice group, and served on the firm's management board and its human resource committee.
Lance earned his MBA from Purdue University, his MS in Conflict Analysis and Resolution from George Mason University, and a BA in History and Government from Sterling College. He is a graduate of the Kansas Agriculture and Rural Leadership program and holds a Certificate in Family Business Advising. Lance is a member of the Association for Conflict Resolution and is a Fellow of the Family Firm Institute.More From This Author
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Family Business Matters
Succession is often narrowly framed as the movement of assets to the next generation. While such planning is important, there are nonfinancial issues, also, to consider.
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Family Business Matters
There are things you can create today that are powerful in terms of legacy and your impact on others.
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Family Business Matters
As family businesses grow, they may need pruning like in nature. Evaluate and streamline business structures, communication and relationships to support healthy development and future success.
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Family Business Matters
Chances are that somewhere in your future, your business will experience an ending, split or dissolution. You may not want to think about the inevitability of an exit, but being prepared can be instrumental for positive family...